NOT LISTED FOR SALE

517 E 5th St Duluth, MN 55805

Central Hillside Neighborhood
5 Beds
4 Baths
2,178 Sq Ft
1,742 Sq Ft Lot

Last Sold September 02, 2021

Last sale price $290,000 $133 Per Sq Ft

5 Days on Market

Highlights

  • Lake View
  • Forced Air Heating System
  • Laundry Facilities
  • Lower Floor Utility Room

About This Home

As of September 2021

Looking to build your rental portfolio? This is a perfect opportunity to own a 4-plex, fully rented that cash flows! The location couldn't be any better, within walking distance to hospitals, shopping, restaurants and bars. One of the units is a 2BR, and 3-1BR's. Some units have spectacular views of Lake Superior. Outside is maintenance free aluminum siding, wrapped soffits and facia, new roof in 2008. Updated electrical, several with GFCI/AFCI, and updated plumbing. 3 off street parking spaces. Shared laundry in the basement. If you're looking to owner occupy, build your rental portfolio, this truly is a must-see. Rental License is good through 11/2022.

Last Agent to Sell the Property

Steve Braman

RE/MAX Results Listed on: 07/12/2021

RE/MAX Results

Co-Listed By

Megan Wilson

RE/MAX Results

Last Buyer's Agent

Nicki Conrad

Messina & Associates Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,582

Year Built

  • Built in 1911

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 25x73

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,178 Sq Ft Home
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Lake Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement
  • Shared Basement
  • Basement Storage

Parking

  • No Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Utility Expense $5,000

Listing and Financial Details

  • Tenant pays for internet service, cable TV
  • Assessor Parcel Number 010-1010-00870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,582

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: N Masabi Ave, Right on Central Entrance (turns into N 6th ave E) Right on E 5th St. (property on right hand side surrounded by Essentia Parking lot.)
  • InternetOptions: Cable
  • L O1 Office Phone1 Number: 715-392-1111
  • Tax Year: 2021
  • View Type:Pond View: Lake Superior
  • Lot Description Waterfront: No
  • ApxYrUtilityExp: 5000
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2178
  • Garage Type: None
  • Heat: Forced Air, Natural Gas
  • Laundry: Shared
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 5
  • MediaType: Fourplex
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Shared Access, Storage, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Rock
  • Basement Style: Full
  • Stories: 2.25 - 2.75 Story
  • Total Bathrooms: 4
  • Total Fin Square Footage: 2178

Exterior Features

  • Road Frontage: City, Sidewalk
  • Construction Status: Previously Owned
  • Exterior: Aluminum

Garage/Parking

  • Parking Driveway: Driveway - Asphalt

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 25X73
  • Estimated Number of Acres: 0.04
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-1010-00870

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV

Tax Info

  • Tax Amount: 2582

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $290,000 +9.4% $133 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $265,000 -- $122 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Braman

    Seller's Agent in 2021

    Steve Braman

    RE/MAX

    (218) 310-2590

    5 in this area

    387 Total Sales

    Steve Braman
    Section Image
  • Megan Wilson

    Seller Co-Listing Agent in 2021

    Megan Wilson

    RE/MAX

    (218) 428-7528

    3 in this area

    393 Total Sales

    Megan Wilson
    Section Image

  • N

    Buyer's Agent in 2021

    Nicki Conrad

    Messina & Associates Real Estate

    (218) 391-6428

    4 in this area

    153 Total Sales

    Nicki Conrad
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6098316

Minnesota St Louis County Duluth 55805 Central Hillside

517 E 5th St, Duluth, MN

Not Listed for Sale

MultiFamily

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